The rise of a digital technologies requirement in the post-Covid-19 world implicates that most industries are either already affected or will be affected by the technological revolution. Talking about the finance industry,Stock Trading App Development – Cost Estimation with Advanced Features Articles investors, brokers, etc. have already adopted technology to stay relevant in the changing world. This shift has triggered stock trading app development, with apps like E*TRADE and Robinhood leading the fintech market space.
As per a report by Statista, stock trading apps have an awe-inspiring penetration rate. In 2019, Android finance apps penetration stood at 25.75%.
What are Stock Trading Apps?
In general, the purpose of https://coin-gpt.net/ websites and mobile apps is to make a product or service delivery convenient for digital-savvy customers. Like many other industries, the finance industry has also decided to reap the benefits of mobile technology. Among other digital transformation activities, the brokerage companies figured a way to automate their traditional trading system via Stock Trading Apps.
The brokerage companies and startups like E*TRADE were right about their desire to democratise the stock trading market. Stock trading apps allow traders and investors (including individuals) to conduct all sorts of transactions in the stock market whenever they want. These apps allow users to manage their portfolio without having to pay a commission to a broker. This eased-out opportunity to invest has built people’s interest in stock trading.
The year 2020 has seen record demand for digital trading mobile apps. While the United States saw massive unemployment, the stock market, on the other hand, was experiencing growth because people saw trading as a way to make money. In June 2020, Robinhood realised its highest trading volumeever. Not only Robinhood, but even TD Ameritrade alsoreported record tradesduring the second quarter of 2020.